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2022 US midterms election watch party/thread

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BoomerD said:
Definitely not the same thing. Now if the President wants to forgive $10,000 or $20,000 on my mortgage...or on my truck loan, that would be more comparable...and I'd be fine with it.
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How exactly is getting thousands discounted off of your taxes for mortgage interest different than getting a discount on your student loan? Except you get one and someone else gets the other? Sure one is an indirect discount, but it is functionally the same. Why should my taxes go towards paying for you to buy a house you can't afford? I paid off my mortgage in 2 years and never got a penny of tax deduction from it, so you shouldn't either. FYGM.
 
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BoomerD said:
Definitely not the same thing. Now if the President wants to forgive $10,000 or $20,000 on my mortgage...or on my truck loan, that would be more comparable...and I'd be fine with it.
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I'd love for some of my mortgage to be forgiven too, but that only benefits a few for a short period of time, and that's it. The argument for loan forgiveness, and free higher education is for the social good. The goal is someone that wouldn't otherwise have been able to afford an education would receive one and perhaps become the next Stephen King, Shakespeare, or Einstein.

Mortgages, even at 7% are peanuts compared to some of the predatory terms in a lot student loans. The courts allow someone to file for bankruptcy when they simply can't handle their debt anymore. This allows them a process to wipe the slate clean. And yet it is harder to discharge a student loan through bankruptcy.

Many people in the US cannot afford housing or food. In their lifetimes, they will never be able to afford a true place of their own. One of the few methods of rising above their current station is through education, if not them, then perhaps their children. And yet we make it nearly impossible for those who most need it to receive an education. We have some of the best schools in the world, but we make it near impossible for anyone to be educated in higher education.
 
Zorba said:
How exactly is getting thousands discounted off of your taxes for mortgage interest different than getting a discount on your student loan? Except you get one and the someone else gets the other? Sure one is an indirect discount, but it is functionally the same. Why should my taxes go towards paying for you to buy a house you can't afford? I paid off my mortgage in 2 years and never got a penny of tax deduction from it, so you shouldn't either. FYGM.
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First...mortgage interest and property tax deductions do nothing to refuce your mirtgage principle. The student loan forgiveness program does.
As for me, I'm retired, don't have enough taxable income to even have to file, let alone to make itemizing my deductions make sense...so I basically "throw away" thousands of dollars every year in mortgage interest and property tax deductions.
What else ya got?
 
Vic said:
Back to the actual thread topic (which some are clearly uncomfortable with): Trumpism, election denialism, and RINO-ism all got their freakin asses kicked last Tuesday. And the Republicans lost a midterm election that, with an unpopular Dem President in office and a weak economy, should have been an absolute landslide for them.

What went wrong?
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FWi0Sh1UEAAknqT
 
pcgeek11 said:
Oh what horse shit. If you are not going to repay the loan then don't sign for it.

You make it sound like the Boomers all got a free college education. Most of the kids I graduated with didn't go to college. You want to know why? They couldn't afford it and were smart enough to know they couldn't. They also had the integrity to not sign up for loan they couldn't repay. College was cheaper back then, but so was everything else. The wages weren't much either. Yeah I remember rocking with my 3,000 dollar a year job. I joined the Navy to get an education to get better pay.
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so the tax payers paid for you college, nice

Nothings free bro
 
Summary? “If we can’t come to terms on a nutter to be house speaker, maybe you can get a say”

fine print - McCarthy isnt nutty enough
 
BoomerD said:
First...mortgage interest and property tax deductions do nothing to refuce your mirtgage principle. The student loan forgiveness program does.
As for me, I'm retired, don't have enough taxable income to even have to file, let alone to make itemizing my deductions make sense...so I basically "throw away" thousands of dollars every year in mortgage interest and property tax deductions.
What else ya got?
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So you've always been retired? Difference in interest and principle is meaningless, you could immediately take your discount and pay off principle with it.

Just admit you like government subsidies that benefit you but not ones that don't directly benefit you. Although all those kids with educations is what's paying for your SS and Medicare.
 
pcgeek11 said:
You don't know shit. LOL


What I have an issue with is Biden bypassing the House that controls the purse strings and spending to the tune of 400 Billion Dollars or more. He doesn't have the authority to do this because it is illegal as stated by the Texas Federal Court.

“The program is thus an unconstitutional exercise of Congress’s legislative power and must be vacated,” wrote Judge Mark Pittman, who was nominated by then-President Donald Trump. “In this country, we are not ruled by an all-powerful executive with a pen and a phone,” he continued.

And

A lawsuit brought by six Republican-led states is pending at the 8th US Circuit Court of Appeals. On October 21, that appeals court put an administrative hold on the program, banning the administration from canceling any debt. The appeals court then granted a preliminary injunction request from the states on November 14. The injunction will “remain in effect until further order of this court or the Supreme Court of the United States,” according to the order.
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Since you are quoting legalize, how does any state have standing to being this suit?
 
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